Feb 28, 2011
In a recent communique to public sector banks and the Indian Banking Association (IBA), the finance ministry advised lending institutions that there should not be any penalty in case a borrower pre-pays home loan from his/her own funds.
Feb 26, 2011
The State Bank of India will organize a two-day home and car loan mela `Loan Utsav' at JK grounds on Saturday and Sunday. On the account of the utsav, the bank is offering a special discount of 0.25% of interest on home loans from 4th year of
Feb 26, 2011
In major relief for home loan borrowers, the government has suggested that the public sector banks (PSBs) stop levying pre-payment penalty or foreclosure charges on home loans.
Feb 25, 2011
Target, the US discount retailer, said on Thursday that its fourth quarter profits grew on the strength of a successful holiday shopping season and its improving credit card business.
Feb 25, 2011
Finance minister Pranab Mukerjee is set to spring a surprise on personal income-tax payers hurt by a sharp increase in prices. He could lighten the tax burden for those with an annual income of Rs 5 lakh by Rs 7,660 a year to
Feb 25, 2011
Car companies are likely to raise prices by up to 2-3% next month, translating into an effective increase of around 10,000 for cars such as Maruti Swift, Hyundai i20 and Honda Jazz . The premium models like Toyota Camry or
Feb 24, 2011
The bond issue of India's lagest bank State Bank of India has been subscribed 17 times on the back of overwhelming response from investors.
Feb 24, 2011
Competition in the personal loan market has been intense since the beginning of the year, with rival providers repeatedly undercutting each other to have the best-buy rate.
Feb 23, 2011
Kotak Mahindra Bank that entered the credit card business in 2007 as part of its retail expansion, expects the portfolio to contribute around 25-30% to the overall income in the next two years, a top executive of the private lender said today.
Feb 23, 2011
The biggest bank in the country is also its top home loan lender. State Bank of India (SBI) has finally pulled ahead of its long-time, neck-and-neck competitor, the Housing Development Finance Corporation (HDFC).